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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (76612)	12/26/2006 11:41:35 AM
From: Les H	Respond to of 110194

Bulls Rampage At Zimbabwe Bourse In between scribbling, shuffling small pieces of paper and tapping calculators, the brokers yell loudly, clamoring for attention. It’s another busy day at the Zimbabwe Stock Exchange (ZSE). The bull run here is an odd side effect of an economic crisis that has seen inflation spiral to over 1,000 percent--the highest in the world--while unemployment has hit 80 percent and poverty levels have soared. The crisis has been widely blamed on President Robert Mugabe’s government, but it denies responsibility and says it is a victim of a Western sabotage campaign over a controversial and sometimes violent land reform program. “In a normal economy, stock market performance should mirror the economic prospects of the country but in our case it is a lot different ... I think the good rally is because there are very few investment options that can provide real returns,“ Patrick Saziwa, an analyst with Kingdom Stockbrokers said. The Africa Stock Exchanges Association (ASEA) said the ZSE was among the bourses that offered investors the highest returns in Africa in 2005 and for most of this year, despite a deep economic recession. ASEA statistics showing the ZSE recorded a 1,545 percent rise in 2005 and shot up by more than 2,000 percent between January and the first week of November, 2006. iran-daily.com